DISH DISH Network Corporation

NEVADA
(State or other jurisdiction
of incorporation)

0-26176
(Commission File Number)

88-0336997
(IRS Employer
Identification No.)

9601 SOUTH MERIDIAN BLVD.
ENGLEWOOD, COLORADO
(Address of principal executive offices)

80112
(Zip Code)

COLORADO
(State or other jurisdiction of
incorporation)

333-31929
(Commission File Number)

84-1328967
(IRS Employer
Identification No.)

9601 SOUTH MERIDIAN BLVD.
ENGLEWOOD, COLORADO
(Address of principal executive offices)

80112
(Zip Code)

QUARTERLY INVESTOR SUMMARY August 5, 2015

DISH 2Q15 Financial Results Conference Call – Noon ET Today U.S. or Canada 800-616-6729 Internationally 763-488-9145 Conference ID: 89055385 DISH NETWORK REPORTS SECOND QUARTER 2015 FINANCIAL RESULTS 2 ENGLEWOOD, Colo., August 5, 2015 – DISH Network Corp. (NASDAQ: DISH) today reported revenue totaling $3.83 billion for the quarter ending June 30, 2015, compared to $3.69 billion for the corresponding period in 2014. Subscriber-related revenue increased to $3.8 billion from $3.65 billion in the year-ago period. Net income attributable to DISH Network totaled $324 million for the second quarter 2015, compared to net income of $213 million from the year-ago quarter. Diluted earnings per share were $0.70 for the second quarter, compared with $0.46 during the same period in 2014. For the three and six-months ended June 30, 2015, DISH has included all of its Sling TV live, linear streaming over-the-top Internet-based television services in the company’s total Pay-TV metrics, including in the Pay-TV subscriber, Pay-TV ARPU and Pay-TV churn rate numbers set forth below. In the second quarter, DISH activated approximately 638,000 gross new Pay-TV subscribers compared to approximately 656,000 gross new Pay-TV subscribers in the prior year’s second quarter. Net Pay-TV subscribers declined approximately 81,000 in the second quarter compared to a loss of approximately 44,000 in the second quarter 2014. The company closed the second quarter with 13.932 million Pay-TV subscribers, compared to 14.053 million Pay-TV subscribers at the end of second quarter 2014. Pay-TV ARPU for the second quarter totaled $87.91, compared to second quarter 2014 Pay-TV ARPU of $84.15. Pay-TV subscriber churn rate was 1.71 percent versus 1.66 percent for second quarter 2014. DISH added approximately 4,000 net broadband subscribers in the second quarter, bringing its broadband subscriber base to approximately 595,000. Year-to-Date Review DISH Network's first-half 2015 revenue totaled $7.56 billion, compared to $7.28 billion in revenue from the same period last year. In the first six months of 2015, net income attributable to DISH Network totaled $676 million, compared with $389 million during the same period last year. Diluted earnings per share were $1.46 for the first six months of 2015, compared with $0.84 during the same period in 2014. Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarter ended June 30, 2015, filed today with the Securities and Exchange Commission. DISH Network will host its second quarter 2015 financial results conference call today at noon Eastern time. The dial-in numbers are (800) 616-6729 (U.S.) and (763) 488-9145, conference ID number 89055385. A webcast replay of the call will be available today from 6 p.m. to 12 a.m. ET at http://dish.client.shareholder.com/events.cfm. About DISH DISH Network Corp. (NASDAQ: DISH), through its subsidiaries, provides approximately 13.932 million pay-TV subscribers, as of June 30, 2015, with the highest-quality programming and technology with the most choices at the best value. Subscribers enjoy a high definition line-up with more than 200 national HD channels, the most international channels, and award-winning HD and DVR technology. DISH Network Corporation is a Fortune 250 company. Visit www.dish.com. TABLE OF CONTENTS DISH Segment - Pay-TV Metrics .. .. 3 DISH Segment - Broadband Metrics ... ... . 5 Selected Financial Results ... . . .. 6 Condensed Consolidated Balance Sheets ... . 8 Condensed Consolidated Statements of Operations . ... . 9 Condensed Consolidated Statements of Cash Flows . . .. 10 Results of Operations 2Q15 vs. 2Q14 .. .. 11 Cautionary Statement Concerning Forward-Looking Statements . . 12

DISH SEGMENT Pay-TV Net Additions* DISH lost approximately 81,000 net Pay-TV subscribers during 2Q15, compared to the loss of approximately 44,000 net Pay-TV subscribers during 2Q14. The decrease in net Pay-TV subscriber additions versus the same period in 2014 resulted from a higher Pay-TV churn rate and lower gross new Pay-TV subscriber activations. – PAY-TV METRICS Pay-TV Gross Activations* During 2Q15, DISH activated approximately 638,000 gross new Pay-TV subscribers compared to approximately 656,000 gross new Pay-TV subscribers during 2Q14, a decrease of 2.7%. The decline in gross new Pay-TV subscriber activations was primarily related to stricter customer acquisition policies and increased competitive pressures, including aggressive marketing, discounted promotional offers, and more aggressive retention efforts. Pay-TV Churn Rate* Our Pay-TV churn rate for 2Q15 was 1.71% compared to 1.66% during 2Q14. Our Pay-TV churn rate continues to be adversely affected by increased competitive pressures, including aggressive marketing and discounted promotional offers. Our Pay-TV churn rate is also impacted by, among other things, the credit quality of previously acquired subscribers, our ability to consistently provide outstanding customer service, price increases, programming interruptions in connection with the scheduled expiration of certain programming carriage contracts, our ability to control piracy and other forms of fraud, and the level of our retention efforts. *For the three and six months ended June 30, 2015, we have included all Sling TV subscribers in our Pay-TV subscriber metrics. Certain prior period amounts have been reclassified to conform to the current period presentation. DISH QUARTERLY INVESTOR SUMMARY–2Q15 3 Pay-TV Churn Rate* In percentage 1.64% 2Q143Q144Q141Q152Q15 1.71% 1.66%1.67% 1.61% Pay-TV Gross Activations* In thousands 2Q143Q144Q141Q152Q15 723 691 638 656 615 Pay-TV Net Additions* In thousands 35 (44) (63) (81) 2Q143Q144Q141Q152Q15 (12)

DISH SEGMENT – PAY-TV METRICS-CONTINUED Pay-TV Subscribers* DISH ended 2Q15 with 13.932 million Pay-TV subscribers compared to 14.053 million Pay-TV subscribers at the end of 2Q14. Pay-TV ARPU* Pay-TV average monthly revenue per subscriber (Pay-TV ARPU) was $87.91 during 2Q15 versus $84.15 during 2Q14. The $3.76 or 4.5% increase in Pay-TV ARPU was primarily attributable to the programming package price increases in February 2015 and 2014, higher hardware related revenue and revenue related to a pay-per-view event. These increases were partially offset by a shift in programming package mix, and an increase in Sling TV subscribers and retention credits. Sling TV subscribers generally have lower priced programming packages than DISH branded pay-TV subscribers. Accordingly, for the three months ended June 30, 2015, the increase in Sling TV subscribers had a negative impact on Pay-TV ARPU. Pay-TV SAC* Pay-TV subscriber acquisition cost (Pay-TV SAC) was $767 during 2Q15 compared to $846 during 2Q14, a decrease of $79 or 9.3%. This change was primarily attributable to an increase in Sling TV subscribers activations with lower Pay-TV SAC and a decrease in hardware costs per activation, partially offset by an increase in advertising costs per activation. The decrease in hardware costs per activation was primarily driven by a higher percentage of remanufactured receivers being activated on new subscriber accounts. *For the three and six months ended June 30, 2015, we have included all Sling TV subscribers in our Pay-TV subscriber metrics. Certain prior period amounts have been reclassified to conform to the current period presentation. DISH QUARTERLY INVESTOR SUMMARY–2Q15 4 Pay-TV SAC* Dollars $767 $667 2Q143Q144Q141Q152Q15 $846$861$840 Pay-TV ARPU* Dollars 2Q143Q144Q141Q152Q15 $87.91 $85.74 $84.15$84.39$84.17 Pay-TV Subscribers* In thousands 14,013 2Q143Q144Q141Q152Q15 14,05314,041 13,978 13,932

DISH SEGMENT – BROADBAND METRICS Broadband Net Additions DISH added approximately 4,000 net Broadband subscribers during 2Q15, compared to the addition of approximately 36,000 net Broadband subscribers during 2Q14. This decrease in net Broadband subscriber additions versus 2Q14 resulted from lower gross new Broadband subscriber activations and a higher number of customer disconnects. Broadband Gross Activations During 2Q15 and 2Q14, DISH activated approximately 51,000 and 76,000 gross new Broadband subscribers, respectively. Gross new Broadband subscriber activations declined primarily due to stricter customer acquisition policies, lower gross new Pay-TV subscriber activations and satellite capacity constraints in certain geographic areas. Customer disconnects were higher due to a larger Broadband subscriber base during 2Q15 compared to 2Q14. Broadband Subscribers DISH ended 2Q15 with 595,000 Broadband subscribers compared to 525,000 Broadband subscribers at the end of 2Q14. DISH QUARTERLY INVESTOR SUMMARY–2Q15 5 Broadband Subscribers In thousands 577 2Q143Q144Q141Q152Q15 591595 553 525 Broadband Gross Activations In thousands 6459 51 2Q143Q144Q141Q152Q15 7672 Broadband Net Additions In thousands 24 2Q143Q144Q141Q152Q15 36 28 14 4

SELECTED FINANCIAL RESULTS Subscriber-Related Revenue* Subscriber-related revenue totaled $3.801 billion for 2Q15, an increase of $156 million or 4.3% compared to 2Q14. The change in Subscriber-related revenue from 2Q14 was primarily related to the increase in Pay-TV ARPU discussed previously. Included in Subscriber-related revenue was $110 million and $92 million of revenue related to our broadband services for 2Q15 and 2Q14, respectively. Subscriber-Related Expenses* Subscriber-related expenses totaled $2.236 billion during 2Q15, an increase of $131 million or 6.2% compared to 2Q14. The increase in Subscriber-related expenses was primarily attributable to higher pay-TV programming costs. The increase in programming costs was driven by rate increases in certain of our programming contracts, including the renewal of certain contracts at higher rates. Net Income (Loss) Net income attributable to DISH Network was $324 million during 2Q15 compared to $213 million for 2Q14. *For the three and six months ended June 30, 2015, we have included all Sling TV subscribers in our Pay-TV subscriber metrics. Certain prior period amounts have been reclassified to conform to the current period presentation. DISH QUARTERLY INVESTOR SUMMARY–2Q15 6 Net Income (Loss) Dollars in millions 2Q143Q144Q141Q152Q15 $410 $213 $351$324 $146 Subscriber-Related Expenses* Dollars in millions $2,104$2,133 2Q143Q144Q141Q152Q15 $2,236 $2,172 $2,007 Subscriber-Related Revenue* Dollars in millions 2Q143Q144Q141Q152Q15 $3,801 $3,694 $3,645$3,648$3,646

SELECTED FINANCIAL RESULTS-CONTINUED EBITDA EBITDA was $924 million during 2Q15, an increase of $183 million or 24.6% compared to 2Q14. EBITDA for 2Q15 was positively impacted by Other, net income of $135 million. Non-GAAP Reconciliation-EBITDA to Net Income Earnings before interest, taxes, depreciation and financial performance and we believe it to be a helpful measure for those evaluating companies in the pay-TV industry. Conceptually, EBITDA measures the amount of income generated each period that could be used to service debt, pay taxes and fund capital expenditures. EBITDA should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. amortization (“EBITDA”). EBITDA is defined as “Net income (loss) attributable to DISH Network” plus “Interest expense, net of amounts capitalized” net of “Interest income,” “Income tax (provision) benefit, net” and “Depreciation and amortization.” EBITDA is not a measure determined in accordance with accounting principles generally accepted in the United States (“GAAP”) and should not be considered a substitute for operating income, net income or any other measure determined in accordance with GAAP. EBITDA is used as a measurement of operating efficiency and overall DISH QUARTERLY INVESTOR SUMMARY–2Q15 7 Quarter To Date 6/30/2014 9/30/2014 12/31/2014 (In thous ands ) 3/31/2015 6/30/2015 EBITDA.............................................................................................................................. $ 741,657$604,794$806,943$848,597 $924,448 Interes t, net...................................................................................................................(134,557)(129,296)(123,685)(147,819) (149,135) Income tax (provi s i on) benefi t, net..........................................................................(121,892)(60,089)13,603(103,081) (188,004) Depreci ati on and amorti zati on................................................................................(271,895)(269,890)(286,931)(246,212) (262,886) Net income (loss) attributable to DISH Network...................................................... $ 213,313 $ 145,519 $ 409,930 $351,485 $324,423 EBITDA Dollars in millions $924 $807$849 $742 2Q143Q144Q141Q152Q15 $605

CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands, except share amounts) (Unaudited) As of June 30, 2015 December 31, 2014 Assets Ca s h a nd ca s h equi va l ents ................................................................................................................................................... $ 694,249 $ 7,104,496 Tra de a ccounts recei va bl e - other, net of a l l owa nce for doubtful a ccounts of 15,833 a nd $23,603, res pecti vel y............................................................................................................................... 968,472 920,103 Inventory.................................................................................................................................................................................. 466,200 493,754 Deri va ti ve fi na nci a l i ns truments ........................................................................................................................................ 551,847 383,460 Other current a s s ets .............................................................................................................................................................. 124,783 167,119 Res tri cted ca s h a nd ma rketa bl e i nves tment s ecuri ti es ................................................................................................. 86,984 86,984 FCC a uthori za ti ons ................................................................................................................................................................. 4,968,171 4,968,171 Other noncurrent a s s ets , net................................................................................................................................................ 331,531 337,530 Tota l a s s ets ............................................................................................................................................................................ $22,762,688 $22,071,208 Liabilities and Stockholders' Equity (Deficit) Tra de a ccounts pa ya bl e - other........................................................................................................................................... $ 205,618 $ 165,324 Deferred revenue a nd other.................................................................................................................................................. 931,555 891,373 Accrued i nteres t...................................................................................................................................................................... 224,981 227,158 Current porti on of l ong-term debt a nd ca pi ta l l ea s e obl i ga ti ons ............................................................................... 1,532,556 681,467 Long-term debt a nd ca pi ta l l ea s e obl i ga ti ons , net of current porti on ........................................................................ 12,235,118 13,746,059 Long-term deferred revenue, di s tri bution a nd ca rri a ge pa yments a nd other long-term lia bilities ....................... 294,910 276,281 Tota l lia bilities ..................................................................................................................................................................... 19,840,254 20,017,576 Commi tments a nd Conti ngenci es Redeema ble noncontrolling interes ts .................................................................................................................................... 255,754 41,498 Stockholders’ Equity (Deficit): Cl a s s B common s tock, $.01 pa r va l ue, 800,000,000 s ha res a uthori zed, 238,435,208 s ha res i s s ued a nd outs ta ndi ng............................................................................................................... 2,384 2,384 Accumul a ted other comprehens i ve i ncome (l os s ).......................................................................................................... 82,165 174,507 Trea s ury s tock, a t cos t.......................................................................................................................................................... (1,569,459) (1,569,459) Noncontrolling interes ts ..................................................................................................................................................... (1,178) (875) Tota l lia bilities a nd s tockhol ders ’ equi ty (deficit)...................................................................................................... $22,762,688 $22,071,208 DISH QUARTERLY INVESTOR SUMMARY–2Q15 8 Tota l s tockhol ders ’ equi ty (defi ci t).........................................................................................................................................2,666,6802,012,134 Tota l DISH Network s tockhol ders ’ equi ty (defi ci t)...............................................................................................................2,667,8582,013,009 Accumul a ted ea rni ngs (defi ci t)...........................................................................................................................................1,399,900723,992 Addi ti ona l pa i d-i n ca pi ta l ...................................................................................................................................................2,750,0602,678,791 Cl a s s A common s tock, $.01 pa r va l ue, 1,600,000,000 s ha res a uthori zed, 280,817,347 a nd 279,406,646 s ha res i s s ued, 224,699,087 a nd 223,288,386 s ha res outs ta ndi ng, res pecti vel y.................................................2,8082,794 Tota l l ong-term obl i ga ti ons , net of current porti on............................................................................................................14,531,01915,905,051 Deferred ta x lia bilities ..........................................................................................................................................................2,000,9911,882,711 Long-Term Obligations, Net of Current Portion: Tota l current lia bilities .............................................................................................................................................................5,309,2354,112,525 Other a ccrued expens es ........................................................................................................................................................657,421519,404 Accrued progra mmi ng...........................................................................................................................................................1,515,5811,376,130 Tra de a ccounts pa ya bl e - EchoSta r.....................................................................................................................................241,523251,669 Current Liabilities: Tota l noncurrent a s s ets ............................................................................................................................................................9,484,4059,493,474 Other i nves tment s ecuri ti es ................................................................................................................................................327,250327,250 Property a nd equi pment, net ...............................................................................................................................................3,770,4693,773,539 Noncurrent Assets: Tota l current a s s ets ...................................................................................................................................................................13,278,28312,577,734 FCC a ucti on depos i ts .............................................................................................................................................................9,995,5671,320,000 Deferred ta x a s s ets .................................................................................................................................................................25,66725,667 Tra de a ccounts recei va bl e - EchoSta r, net of a l l owa nce for doubtful a ccounts of zero..........................................50,23731,390 Ma rketa bl e i nves tment s ecuri ti es .......................................................................................................................................401,2612,131,745 Current Assets:

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in thousands, except per share amounts) (Unaudited) For the Three Months For the Six Months Ended June 30, Ended June 30, 2015 2014 2015 2014 Subscriber-related revenue............................................................................................... $ 3,801,416 $ 3,645,101 $ 7,494,946 $ 7,201,288 Equipment sales, services and other revenue - EchoStar........................................................ 13,451 16,739 26,292 32,511 Subscriber-related expenses.............................................................................................. 2,235,536 2,104,236 4,407,255 4,173,368 Cost of sales - equipment, services and other ...................................................................... 23,805 30,165 54,300 57,958 Cost of sales - subscriber promotion subsidies.................................................................... 55,464 68,310 108,389 131,185 Subscriber acquisition advertising.................................................................................... 131,841 134,329 275,431 268,136 General and administrative expenses................................................................................. 176,066 189,660 375,474 392,773 Total costs and expenses............................................................................................. 3,298,438 3,233,375 6,538,803 6,381,275 Operating income (loss).................................................................................................... 533,987 454,744 1,017,850 901,042 Other Income (Expense): Interest expense, net of amounts capitalized....................................................................... (152,751) (152,769) (309,064) (328,763) Total other income (expense)....................................................................................... (13,657) (125,723) (41,187) (292,742) Income (loss) before income taxes...................................................................................... 520,330 329,021 976,663 608,300 Net income (loss)............................................................................................................. 332,326 207,129 685,578 377,946 Net income (loss) attributable to DISH Network................................................................... $ 324,423 $ 213,313 $ 675,908 $ 389,244 Weighted-average common shares outstanding - Class A and B common stock: Diluted........................................................................................................................... 464,635 462,607 464,400 461,941 Earnings per share - Class A and B common stock: Diluted net income (loss) per share attributable to DISH Network.......................................... $ 0.70 $ 0.46 $ 1.46 $ 0.84 DISH QUARTERLY INVESTOR SUMMARY–2Q15 9 Basic net income (loss) per share attributable to DISH Network............................................. $0.70$0.46$1.46$0.85 Basic..............................................................................................................................462,929459,863462,512459,147 Less: Net income (loss) attributable to noncontrolling interests, net of tax........................... 7,903(6,184)9,670(11,298) Income tax (provision) benefit, net..................................................................................... (188,004)(121,892)(291,085)(230,354) Other, net......................................................................................................................135,4788,834255,7673,645 Interest income...............................................................................................................3,61618,21212,11032,376 Depreciation and amortization..........................................................................................262,886271,895509,098521,115 Total subscriber acquisition costs....................................................................................... 405,701456,462811,392905,608 Other subscriber acquisition costs................................................................................... 218,396253,823427,572506,287 Subscriber acquisition costs: Satellite and transmission expenses.................................................................................... 194,444180,957381,284330,453 Costs and Expenses (exclusive of depreciation shown separately below): Total revenue............................................................................................................3,832,4253,688,1197,556,6537,282,317 Equipment sales and other revenue.................................................................................... 17,55826,27935,41548,518 Revenue:

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) For the Six Months Ended June 30, 2015 2014 Net i ncome (l os s )...................................................................................................................................... $ 685,578 $ 377,946 Depreci a ti on a nd a morti za ti on........................................................................................................ 509,098 521,115 Non-ca s h, s tock-ba s ed compens a ti on............................................................................................ 14,823 20,644 Other, net.............................................................................................................................................. 27,161 49,358 Net cash flows from operating activities from continuing operations........................................... 1,449,156 1,151,156 Purcha s es of ma rketa bl e i nves tment s ecuri ti es ................................................................................ (1 12,864) (2,679,365) Purcha s es of property a nd equi pment................................................................................................. (534,746) (600,610) AWS-3 FCC l i cens e depos i ts ................................................................................................................... (9,075,567) - Other, net................................................................................................................................................... (38) 41,548 Net cash flows from investing activities from discontinued operations, net, including $0 and $0 of purchases of property and equipment, respectively............................................ - 20,847 Cash Flows From Financing Activities: Ca pi ta l contri buti ons from Norths ta r Ma na ger a nd SNR Ma na gement........................................ 204,200 - Net proceeds from Cl a ss A common s tock opti ons exerci s ed a nd s tock i s s ued under the Empl oyee Stock Purcha s e Pl a n......................................................... 18,001 29,696 Net cash flows from financing activities from continuing operations............................................ (429,175) (67,132) Net increase (decrease) in cash and cash equivalents from continuing operations.................... (6,410,247) (572,663) Ca s h a nd ca s h equi va l ents , end of peri od from conti nui ng opera ti ons ....................................... $ 694,249 $ 4,127,359 Net increase (decrease) in cash and cash equivalents from discontinued operations................ - (9,160) Ca s h a nd ca s h equi va l ents , end of peri od from di s conti nued opera ti ons .................................. $ - $ - DISH QUARTERLY INVESTOR SUMMARY–2Q15 10 Ca s h a nd ca s h equi va l ents , begi nni ng of peri od from di s conti nued opera ti ons .......................-9,160 Ca s h a nd ca s h equi va l ents , begi nni ng of peri od from conti nui ng opera ti ons ...........................7,104,4964,700,022 Other, net...................................................................................................................................................13,67819,986 Repa yment of l ong-term debt a nd ca pi ta l l ea s e obl i ga ti ons ..........................................................(15,053)(15,606) Redempti on a nd repurcha s es of l ong-term debt................................................................................(65 0,001)(101,208) Net cash flows from investing activities from continuing operations............................................(7,430,228)(1,656,687) AWS-3 FCC depos i t refund......................................................................................................................400,000-Purcha s es of FCC a uthori za ti ons - H Bl ock wi rel es s s pectrum l i cens es .......................................-(1,343,372) Sa l es a nd ma turi ti es of ma rketa bl e i nves tment s ecuri ti es .............................................................1,892,9872,925,112 Cash Flows From Investing Activities: Net cash flows from operating activities from discontinued operations, net..............................-(30,007) Cha nges in current a s s ets a nd current liabili ti es , net................................................................402,796130,881 Deferred ta x expens e (benefi t)..........................................................................................................72,42758,118 Rea l i zed a nd unrea l i zed l os s es (ga i ns ) on i nves tments ..............................................................(262,727)(6,906) Adjustments to reconcile net income (loss) to net cash flows from operating activities: Cash Flows From Operating Activities:

RESULTS OF OPERATIONS 2Q15 VS. 2Q14 (In thousands) (Unaudited) For the Three Months Ended June 30, Variance Statements of Operations Data 2015 2014 Amount % Subs cri ber-rel a ted revenue.............................................................................................. $ 3,801,416 $ 3,645,101 $ 156,315 4.3 Equi pment s a l es , s ervi ces a nd other revenue - EchoSta r........................................... 13,451 16,739 (3,288) (19.6) Subs cri ber-rel a ted expens es ......................................................................................... 2,235,536 2,104,236 131,300 6.2 Sa telli te a nd tra ns mis s i on expens es ........................................................................... 194,444 180,957 13,487 7.5 Cos t of s a l es - equi pment, s ervi ces a nd other .......................................................... 23,805 30,165 (6,360) (21.1) Genera l a nd a dmi ni s tra ti ve expens es ......................................................................... 176,066 189,660 (13,594) (7.2) Depreci a ti on a nd a morti za ti on.................................................................................... 262,886 271,895 (9,009) (3.3) Interes t i ncome................................................................................................................... 3,616 18,212 (14,596) (80.1) Other, net.............................................................................................................................. 135,478 8,834 126,644 * Income ta x (provi s i on) benefi t, net................................................................................. (188,004) (121,892) (66,112) (54.2) Net i ncome (l os s )................................................................................................................ 332,326 207,129 125,197 60.4 Net i ncome (l os s ) a ttri buta bl e to DISH Network........................................................... $ 324,423 $ 213,313 $ 111,110 52.1 Other Data: Pa y-TV s ubs criber a ddi ti ons , gros s (i n millions )........................................................ 0.638 0.656 (0.018) (2.7) Pa y-TV a vera ge monthl y s ubs cri ber churn ra te (“Pa y-TV churn ra te”).................... 1.71% 1.66% 0.05% 3.0 Pa y-TV a vera ge monthl y revenue per s ubs cri ber (“Pa y-TV ARPU”).......................... $ 87.91 $ 84.15 $3.76 4.5 Broa dba nd s ubs criber a ddi ti ons , gros s (i n millions )................................................ 0.051 0.076 (0.025) (32.9) EBITDA................................................................................................................................... $ 924,448 $ 741,657 $ 182,791 24.6 *Percenta ge i s not mea ni ngful . DISH QUARTERLY INVESTOR SUMMARY–2Q15 11 Broa dba nd s ubs criber a ddi ti ons , net (i n millions ).....................................................0.0040.036(0.032)(88.9) Broa dba nd s ubs cribers , a s of peri od end (i n millions ).............................................0.5950.5250.07013.3 Pa y-TV a vera ge s ubs cri ber a cqui s i ti on cos t per s ubs cri ber (“Pa y-TV SAC”)..........$767$846$(79)(9.3) Pa y-TV s ubs criber a ddi ti ons , net (i n millions ).............................................................(0.081)(0.044)(0.037)(84.1) Pa y-TV s ubs cribers , a s of peri od end (i n millions ).....................................................13.93214.053(0.121)(0.9) Les s : Net income (l os s ) a ttributa ble to noncontrolling interes ts , net of ta x.....7,903(6,184)14,087* Effective tax rate .........................................................................................................36.1%37.0% Income (l os s ) before i ncome ta xes .................................................................................520,330329,021191,30958.1 Tota l other i ncome (expens e)....................................................................................(13,657)(125,723)112,06689.1 Interes t expens e, net of a mounts ca pi ta l i zed...............................................................(152,751)(152,769)180.0 Other Income (Expense): Opera ti ng i ncome (l os s )....................................................................................................533,987454,74479,24317.4 Tota l cos ts a nd expens es ...........................................................................................3,298 ,4383,233,37565,0632.0 % of Total revenue....................................................................................................4.6%5.1% Subs cri ber a cqui s i ti on cos ts ........................................................................................405,701456,462(50,761)(11.1) % of Subscriber-related revenue...........................................................................5.1%5.0% % of Subscriber-related revenue...........................................................................58.8%57.7% Costs and Expenses: Tota l revenue................................................................................................................3,832,4253,688,119144,3063.9 Equi pment s a l es a nd other revenue................................................................................17,55826,279(8,721)(33.2) Revenue:

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of DISH Network Corporation to be Regarding Forward-Looking Statements included in its recent filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2014 and its quarterly reports on form 10-Q for the quarterly periods ended March 31, 2015 and June 30, 2015. The forward-looking statements speak only as of the date made, and DISH Network Corporation expressly materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information about such risks, uncertainties, and other factors is set disclaims any obligation looking statements. to update these forward-forth in DISH Network Corporation’s Disclosure DISH QUARTERLY INVESTOR SUMMARY–2Q15 12